Neo-banking: India Stack Native Beats Legacy Wrapper
Neo-banks in India split into two structural types: India Stack natives and legacy wrappers. Natives own the data layer. Wrappers rent access. Natives scale unit economics. Wrappers scale customer acquisition cost.
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Amit Tyagi
Founder, AletheiaAI & GP, Fitoor Capital
Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.
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